Office Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory.

Inventory	Quantity	Unit Cost	Unit NRV
Furniture	280	$93	$108
Electronics	58	480	420

Required: 1. Calculate the total recorded cost of ending inventory before any adjustments. 2. Calculate ending inventory using the lower of cost and net realizable value. 3. Record any necessary adjusting entry for inventory. 4. Determine the impact of the adjusting entry in the financial statements.

I got an answer for this previously but the answer I got wasn't what I needed, I need help understanding how the table itself needs to be laid out any zero's are were a dollar amount should be and the blanks next to the dollar amounts is the labels for said dollar amounts like accounts payable etc

4. Determine the impact of the adjusting entry in the financial statements. Complete this question by entering your answers in the tabs below